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$ 1,595,000
Est. payment /mo
Active
419 Cedar Long Beach, CA 90802
5 Beds
4 Baths
5,364 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Downtown (Dt)
MLS Listing ID PW26195086
Bedrooms 5
Lot Size 5,364 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Great Downtown location blocks away from shopping, restaurants and so much more. Lower level contains a " MEETING ROOM"with its own bath. By adding a shower a stove and a front door- could potentially be a LOW COST ADU adding at least 1500.00 per month to income. (2) 1 bedroom tenants have given notice so there is potential for market rents. Classic building with great unit mix (1) 2 bedroom unit (4) 1 bedroom units and (1) studio unit along with (2) garages which potentially be a 2nd ADU. Laundry room leased for additional income. Nice backyard. Substantial upside in rents. Security cameras. Current Cap rate of 6 With 30% down, a new borrower could get a new loan of 70% LTV
Location
State CA
County Los Angeles
Zoning Assessor
Direction South go Ocean Blvds/Ocean
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7280011019
Acceptable Financing Cash, Conventional, Exchange, Seller May Carry
Listing Terms Cash, Conventional, Exchange, Seller May Carry
Listed by Steve Gamez, DRE#00586247 P.R.S. Properties